Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl
Equity
Direct
Large & Mid- Cap
NAV: ₹ 68.4 as on 29-09-2023
Fund Performance
162 people have invested ₹ 2.9L in Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl in the last three months
About the Fund
Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Ankit Jain, Neelesh Surana. The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl has ₹28439 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
- The fund has an expense ratio 0.7.
Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl Overview
 | 0.67% |
 Benchmark | S&P BSE 200 India TR INR |
 | ₹28439 Cr |
 | 1 January, 2013 |
 | ₹1/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 52.08% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
50.7%
Mid cap
37.5%
Small cap
10.4%
Sector Allocation
Financial Services
32.4%
Consumer Cyclical
14.9%
Basic Materials
9.8%
Industrial
9.7%
Health
9.1%
Tech
8.1%
Utilities
5.1%
Consumer Defensive
4%
Communication
3.3%
Energy
2.6%
Real Estate
1%
Top Holdings of Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl as on (31-Aug-23)
Equity Holdings78
Debt Holdings1
Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at 1.54% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund outperformed Nifty 500 by 2.28% in Aug'23
AUM Change
- AUM of the fund stands at 28.4K Cr as of Aug'23
- AUM increased by 491 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Gland Pharma Ltd | 33.6% |
 Max Financial Services Ltd | 15.2% |
 Bharat Forge Ltd | 14.7% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | -8.3% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl Fund Manager
Ankit Jain
Fund Manager of Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl, since 31 January 2019
Top funds managed
Neelesh Surana
Fund Manager of Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl, since 9 July 2010
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 21.98% since inception which is more than its category average return of 15.79%
Fund Allocations
This fund has an allocation of 98.55% in Equity, 0% in Debt and 1.45% in Cash related instruments
AUM size ₹28439 Cr
This fund has AUM of ₹28439 Cr which is more than its category average of ₹ 5316 Cr
Expense Ratio 0.67%
This fund has an expense ratio of 0.67% which is less than its category average expense ratio of 1.45%
Frequently Asked Questions
The current NAV of Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl is ₹68.39 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 2.93% | 2.93% |
6 Month Returns | 24.19% | 24.19% |
1 Year Returns | 20.93% | 20.93% |
3 Years Returns | 99.29% | 25.84% |
5 Years Returns | 132.07% | 18.34% |
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0.67% as on August 2023
₹28439 Cr as on August 2023
HDFC Bank Ltd(6.81%), ICICI Bank Ltd(4.61%), State Bank of India(3.92%), Axis Bank Ltd(2.98%), Reliance Industries Ltd(2.58%) as on August 2023
Financial Services(31.91%), Consumer Cyclical(14.66%), Basic Materials(9.61%) as on August 2023
The alpha ratio for the Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl | -0.92 | 0.13 | 2.28 |
As on August 2023
The alpha for Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl is calculated against S&P BSE 200 India TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl | 0.94 | 0.89 | 0.93 |
As on August 2023
The Beta for Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl is calculated with S&P BSE 200 India TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl | 0.69 | 1.34 | 0.62 |
As on August 2023
The sharpe ratio for Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl is calculated with S&P BSE 200 India TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl | 10.76 | 13.52 | 19.19 |
As on August 2023
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 2.87 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ankit Jain, Neelesh Surana are the fund managers of Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl
The Exit load of Mirae Asset Emerging Bluechip Fund Direct Plan Payout of Income Distribution cum cptl wdrl is 1%